The Joint Foreign Chambers of the Philippines (JFC) on Monday expressed support for a Senate bill that would relax rules on foreign investors who fully own firms in the domestic market, including reducing company size requirement to a "more reasonable number."

The Senate committee on economic affairs started its hearing on Senate Bill (SB) 2102 or the Foreign Investment Act (FIA), which seeks to amend Republic Act 7042 or FIA of 1991.

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